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Regional Markets To Follow Developments On OPEC+ Deal

Global equity markets recorded a negative performance during the week as economic indicators have started reflecting meaningful impact to growth, pushing the world into...

Middle East Point of View: Resilience in Oil and Gas Industry

The  increased oil production by Saudi Arabia and Russia combined with the COVID-19 pandemic, have precipitated a global economic slowdown that has left Oil...

DME issued a public consultation to add Abu Dhabi Murban crude...

Dubai Mercantile Exchange (DME), the premier international energy futures exchange in the Middle East, issued today a public consultation to add Abu Dhabi Murban...

OPEC, non-OPEC Reach Oil Cuts Deal Amid COVID-19

An emergency video conference between OPEC and non-OPEC ministerial partners, chaired by Saudi Arabia, ended on Sunday with a continued commitment of the participating...

COVID-19 & OPEC – What Is The New Normal?

Refinitiv released a special report.pdf on Covid-19 and the implications on global oil markets. Covid-19 has significantly impacted global economic outlook and oil demand as global...

ADNOC Investor Forum Highlights Co-investment, Partnership Opportunities

The Abu Dhabi National Oil Company (ADNOC) hosted 200 members of the global investment and financial community at its inaugural investor forum in Abu...

Saudi Arabia Calls For Emergency OPEC+ Meeting To Stabilise Market

Saudi Arabia called on Thursday for an emergency meeting of OPEC and non-OPEC oil producers as it aims to reach a fair oil agreement...

UAE and Saudi Arabia continues to grow despite lower oil prices

UAE new orders grow, and job creation hit three-month high in May’15 Saudi Arabia’s output and new orders expanded, but the growth rate eased GCC consumers...

Oil Seen Heading to $20 on Dollar Strength

A rapid appreciation of the U.S. dollar may send Brent oil to as low as $20 a barrel, according to Morgan Stanley. Oil is particularly...

Oil tumbled 6.3% on negative data

U.S. crude oil futures lost more than 6 percent, the biggest one-day percentage drop in six weeks, as recession fears resurfaced following Wednesday's bleak...

Oil Tumbles

Oil set for biggest weekly drop since July.

UAE Gas Prices Among the World’s Most Affordable

Gasoline prices in the United Arab Emirates are the sixth cheapest in the world. This was revealed by new data collected by Bloomberg. According...

Will Oil break out of trading Rrange?

Interview and discussion with Edward Morse of the LCM Commodities. He shares his insights on how oil will trade in the future.

Iraqi Oil for SALE

How will opening up Iraq's oil industry to foreign companies impact the country?

The $32 Trillion Push To Disrupt The Entire Oil Industry

Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers...

Oil Prices Fall

Oil consumption could fall this year by the most since 1981 according to the IEA.

OPEC likely to increase oil production

OPEC oil ministers are set to hold a regular ministerial meeting in Vienna on June 8, to mull the market’s supply and demand and...

Oil prices rise on Middle East uncertainty

Investors worry over supply while weak dollar boosts crude-oil prices Oil futures moved up during European trading hours on Monday, because investors are concerned about...